DAX 40 Technical Analysis & Signals

DAX 40 Price Technical Analysis: Weekly Chart

• In the weekly charts, DAX 40 is trading in a downward channel.
• DAX 40 is near its crucial support of 20-days SMA. If it breaks this support, it will possibly test the 50-days SMA level.
• DAX 40 will follow a downward trend in the coming weeks.
• The  DAX 40 crucial support level is at 15,607.3  DAX 40  which is near 20 days SMA as of now. There are no signs of a Bullish trend.
• Bears have their tight grip on DAX 40.

TRADE SIGNAL- DAX 40– SELL: 13,580.80, TARGET:-13,380.30, STOP LOSS:- 13,680.55.

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